IN BRIEF: Bakkavor Sales Recover Somewhat But UK Hit By More Curbs

Thu, 14th Jan 2021 12:03

Bakkavor Group PLC - London-based fresh prepared food firm - Says "encouraging sales recovery" from the end of first half continued. Revenue for year ended December 26 expected to be 4.9% lower. UK 'food to go' particularly hurt by Covid-19 restrictions in final quarter. UK like-for-like sales fell 5.3% in financial 2020, though US saw 13% growth. Revenue declined 22% in China, amid unrest in Hong Kong and impact from pandemic.

Current stock price: 91.30 pence, up 12% on Thursday

Year-to-date change: up 13%

By Eric Cunha; ericcunha@alliancenews.com

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